Notice of occurrence

{
  "id": "MLC-T-INS-003702",
  "term": "Notice of occurrence",
  "field": "Insurance and risk management",
  "definition": "A formal notification provided by an insured to their insurer, informing them of an event or incident that could potentially lead to a claim under the policy. This notice is a contractual requirement, and its timely submission allows the insurer to investigate the circumstances and assess potential liability. Policy terms specify the timeframe within which such notice must be given, often immediately or within a reasonable period.",
  "url": "https://mlchart.com/terminology/insurance/notice-of-occurrence/"
}